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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
 Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesian producers turned to local buyers amid slow overseas demand, particularly from Indian buyers, traders said. Thermal coal prices on the globalCOAL Newcastle weekly index rose $3.41 to $78.87 a tonne, from $75.46 a tonne in previous week, on firm spot demand from South Korea and expectations of lower supply from Australia.
Despite the rising Newcastle index, spot prices for Indonesian bituminous coal were softer as Indian buyers preferred to buy South African coal to take advantage of falling freight rates and cheaper prices.
Indonesian bituminous coal of 6,300 kcal/kg air-dried basis was offered at around $57 a tonne, FOB mother vessel, compared with $60 a tonne early this month.
"For bituminous coal, only South African coal is moving to India, mostly for steel and cement factories," an Indian trader said.
Chinese and South Korean buyers were in the market for Indonesian high-quality coal, providing support, but China was not as aggressive as previous months due to growing local supply grew, another regional trader said.
Plans by Australia Newcastle port, the world's top coal export terminal, to slash export quotas for all producers by 1 million tonnes for the rest of third quarter, have not prompted more enquiries for Indonesian coal, traders said.
A 25,000-tonne parcel of Australian coal was traded at $77 a tonne on Monday for delivery in October while another 25,000 tonne for delivery in August was traded at $80.50 a tonne on Tuesday.
* INDONESIA SUB-BITUMINOUS COAL
Fresh domestic demand from textile and cement factories in Java offered support for Indonesian sub-bituminous as Indian demand slowed.
Indonesian sub-bituminous coal of 5,500 kcal/kg ADB was around $34-$35 a tonne, FOB mother vessel from Kalimantan.
"We haven't received fresh inquiries from Indian buyers but many local buyers asked for an increase in volumes from their existing contracts," an Indonesian trader said.
Aside from local buyers, there were some Chinese buyers that sought to extend spot purchase contracts, the trader said.
Despite lower coal stock levels at power plants, India had slowed buying of Indonesian low-quality coal as traders waited for government tenders and the monsoon disrupted shipments.
"Power plants are in a wait-and-see mode. There are a lot of contracts that need to be renewed," the Indian trader said, adding that traders were waiting for India's government to finalise tenders.
India has said coal stocks with power plans in India halved from normal levels to 11 million tonnes at July 6, with many thermal plants facing uncomfortable supply positions.
India's state-run MMTC which buys coal on behalf of state utilities has said it may re-issue a tender for 12.5 million tonnes of thermal coal after a complaint from a trader.
"Wet weather is also very bad. There are a lot of vessels queueing at discharge ports. So everybody is just waiting," the Indian trader said.
Source: Reuters
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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
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- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
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- Altura Mining Limited, Indonesia
- PTC India Limited - India
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- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
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- Australian Coal Association
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- Deloitte Consulting - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
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- CIMB Investment Bank - Malaysia
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- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
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- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
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